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THE REAL ESTATE BROKER’S EXAMINATION > 1. Crash Review - Code of Ethics and Responsibilities > Flashcards

1. Crash Review - Code of Ethics and Responsibilities Flashcards

1
Q

A noble profession, calling or an occupation dedicated to the promotions, development and conservation of land and natural resources.

a. Realty Service Practice
b. Brokerage Service Practice
c. Consulting

A

a. Realty Service Practice

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2
Q

Since realty service practice is an honorable practice, those who practice are bounded to follow a

a. Code of ethics
b. Code of conduct
c. Government code

A

a. Code of ethics

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3
Q

Utmost fidelity, sincerity, respect for colleagues in the profession, and honesty shall be observed.

a. At all times
b. Special times
c. Any time

A

a. At all times

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4
Q

Level of knowledge, competence and expertise in real estate development and management that shall be maintained.

a. Adequate
b. Sufficient
c. Complete

A

a. Adequate

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5
Q

Upgrading of the standards of practice shall be effected.

a. When the need arises
b. At all times
c. Even when it is not needed

A

a. When the need arises

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6
Q

The spirit of camaraderie, cooperation and professional relationship by respecting the rights of other practitioners shall be .

a. Promoted
b. Practiced
c. Observed

A

a. Promoted

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7
Q

Level of integrity, honesty and competence in the profession of realty service practice.

a. High
b. Highest
c. Average

A

a. High

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8
Q

High level of integrity, honesty and competence in the profession for the best interest of the community and

a. The nation
b. The state
c. The country

A

a. The nation

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9
Q

Level of professional and respect relationship with colleagues in the Realty Service Practice.

a. High
b. Highest
c. Average

A

a. High

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10
Q

Fair, honest and just dealing of realty service practice with each other.

a. Always
b. All times
c. Anytime

A

a. Always

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11
Q

Shall be observed in all the dealings and relation of the practitioners with clients, fellow practitioners, the organization to which they belong, and
the general public.

a. Treat others as you like them to treat you
b. Do not treat others as you like them to treat you
c. Treat others as you do not like them to treat you.

A

a. Treat others as you like them to treat you

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12
Q

Threat others as you like them to treat you is known as the .

a. Golden rule
b. Golden mean
c. Supreme rule

A

a. Golden rule

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13
Q

Shall embrace and include all persons, partnerships or corporations who are duly licensed by the Department of Trade and Industry.

a. Realty service practice
b. Brokerage service practice
c. Real estate service

A

a. Realty service practice

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14
Q

He should pay any and all taxes.

a. Government relation
b. Organization relation
c. Public relation

A

a. Government relation

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15
Q

The practitioner should secure all the necessary licenses, permits and authority.

a. Government relation
b. Organization relation
c. Public relation

A

a. Government relation

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16
Q

Support government projects & land development activities.

a. Government relation
b. Organization relation
c. Public relation

A

a. Government relation

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17
Q

He should not encourage, abet, tolerate or participate in the evasion or illegal reduction in the payment of all taxes.

a. Government relation
b. Organization relation
c. Public relation

A

a. Government relation

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18
Q

He should not offer or agree to pay to, split or rebate any commission, fee or valuable consideration to unlicensed realty service practitioner.

a. Government relation
b. Organization relation
c. Public relation

A

a. Government relation

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19
Q

He should indicate the license number of the certificate issued by the Department of Trade and Industry in his letterhead.

a. Government relation
b. Organization relation
c. Public relation

A

a. Government relation

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20
Q

The practitioner should be imbued with a social conscience for he does not live by himself and his family alone but he is a part of society with definite social responsibilities;

a. Public relation
b. Client relation
c. Customer relation

A

a. Public relation

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21
Q

He should ensure the highest and the best use of the land and the equitable distribution of ownership.

a. Public relation
b. Client relation
c. Customer relation

A

a. Public relation

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22
Q

He should keep himself well informed as to any movement affecting real estate in his community, city or province.

a. Public relation
b. Client relation
c. Customer relation

A

a. Public relation

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23
Q

He should cooperate with the government in protecting the public against deceptive, unfair and unconscionable acts and practices.

a. Public relation
b. Client relation
c. Customer relation

A

a. Public relation

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24
Q

He should ascertain all pertinent facts concerning every property, and avoid error, exaggeration, misrepresentation or concealment of pertinent facts in dealing with the general public concerning real estate transactions;

a. Public relation
b. Client relation
c. Customer relation

A

a. Public relation

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25
Q

He should not be instrumental in introducing in a neighborhood a certain character or use of property which will tend to impair or erode property values within that neighborhood;

a. Public relation
b. Client relation
c. Customer relation

A

a. Public relation

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26
Q

He should not be a party to the naming of a false consideration in a deed of instrument.

a. Public relation
b. Client relation
c. Customer relation

A

a. Public relation

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27
Q

He should keep a special bank account separate and distinct from his own funds.

a. Public relation
b. Client relation
c. Customer relation

A

b. Client relation

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28
Q

In his advertisements, brochures or announcements, he should present a true picture of the property, its improvements, or rights and interests
therein including whatever liens or encumbrances it may have.

a. Public relation
b. Client relation
c. Customer relation

A

b. Client relation

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29
Q

He should see to it that all agreements, terms and conditions, financial obligations and commitments in a real estate transaction are in writing, duly signed by all parties concerned.

a. Public relation
b. Client relation
c. Customer relation

A

b. Client relation

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30
Q

The practitioner, in accepting an appointment or authority to act for and in behalf of a client or customer, should pledge himself with utmost
fidelity and good faith.

a. Customer relation
b. Public relation
c. Practitioner relation

A

a. Customer relation

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31
Q

For the sake of justice and fairness to his client who have reposed confidence in him, the Practitioner should endeavor to be well informed of current legislation, policies and programs of the government.

a. Costumer relation
b. Public relation
c. Practitioner relation

A

a. Costumer relation

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32
Q

He should not accept any commission, fee or any valuable consideration from any party in any transaction except from his client.

a. Costumer relation
b. Public relation
c. Practitioner relation

A

a. Costumer relation

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33
Q

He should charge or collect only such fees or commissions as are fair and reasonable in accordance with usual schedule of commission.

a. Costumer relation
b. Public relation
c. Practitioner relation

A

a. Costumer relation

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34
Q

He should not advertise any property without authority and in any offering, the price quoted should be in accordance with the price agreed with the owners as the offering price.

a. Costumer relation
b. Public relation
c. Practitioner relation

A

a. Costumer relation

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35
Q

n the event that more than one formal offer on a specific property is made before the owner has accepted a proposal, all written offers should
be presented to the owner for his decision;

a. Costumer relation
b. Public relation
c. Practitioner relation

A

a. Costumer relation

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36
Q

He should endeavor to make his client and customer conclude a fair contract advantageous to both;

a. Costumer relation
b. Public relation
c. Practitioner relation

A

a. Costumer relation

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37
Q

He should assist his customer acquire possession and ownership of the real property bought in accordance with the terms and conditions agreed upon;

a. Costumer relation
b. Public relation
c. Practitioner relation

A

a. Costumer relation

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38
Q

In case he is called upon to act as witness in a court proceeding he should give his testimonies in the most unbiased, honest, truthful and professional manner;

a. Costumer relation
b. Public relation
c. Practitioner relation

A

a. Costumer relation

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39
Q

As a real estate appraiser, he should not render an opinion without careful and thorough analysis and interpretation of all factors affecting the
value of the property.

a. Costumer relation
b. Public relation
c. Practitioner relation

A

a. Costumer relation

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40
Q

As an appraiser, he should not undertake to make an appraisal or render an opinion that is outside the field of his experience and competence.

a. Costumer relation
b. Public relation
c. Practitioner relation

A

a. Costumer relation

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41
Q

He should not solicit a listing which is currently listed exclusively with another broker unless the listing agreement has expired or revoked by the owner and the owner offers to list the same to the new broker without soliciting the same;

a. Relation to fellow practitioner
b. Relation to the organization
c. Relation to costumer

A

a. Relation to fellow practitioner

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42
Q

When he accepts a listing from another broker, the agency of the broker who offers the listing should be respected until it has expired.

a. Relation to fellow practitioner
b. Relation to the organization
c. Relation to costumer

A

a. Relation to fellow practitioner

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43
Q

Signs giving notice of a property for sale, rent, lease or exchange should not be placed on any property by more than one broker and only if authorized by the owner;

a. Relation to fellow practitioner
b. Relation to the organization
c. Relation to costumer

A

a. Relation to fellow practitioner

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44
Q

He should not use information obtained by him from a listing broker through offers to cooperate or received through multiple listing services or
other sources authorized.

a. Relation to fellow practitioner
b. Relation to the organization
c. Relation to costumer

A

a. Relation to fellow practitioner

45
Q

He should cooperate with other brokers on property listed and share the commission on an agreed basis.

a. Relation to fellow practitioner
b. Relation to the organization
c. Relation to costumer

A

a. Relation to fellow practitioner

46
Q

He should not solicit or use the services of an employee or salesman of another practitioner without the knowledge of the employer;

a. Relation to fellow practitioner
b. Relation to the organization
c. Relation to costumer

A

a. Relation to fellow practitioner

47
Q

He should not criticize publicly a competitor nor volunteer an opinion of a competitor’s transaction.

a. Relation to fellow practitioner
b. Relation to the organization
c. Relation to costumer

A

a. Relation to fellow practitioner

48
Q

The practitioners should seek no unfair advantage over his fellow practitioners and should willingly share with them the lessons of his experience and study;

a. Relation to fellow practitioner
b. Relation to the organization
c. Relation to costumer

A

a. Relation to fellow practitioner

49
Q

He should conduct his business properly to avoid any controversy with his fellow practitioners.

a. Relation to fellow practitioner
b. Relation to the organization
c. Relation to costumer

A

a. Relation to fellow practitioner

50
Q

If the controversy is between practitioners belonging to different organizations or associations, it should be submitted to an Arbitration Board consisting of one member from each organization or association chosen by each of the parties to the controversy.

a. Relation to fellow practitioner
b. Relation to the organization
c. Relation to costumer

A

a. Relation to fellow practitioner

51
Q

In case the practitioners in a controversy are not members of any duly recognized organization or the Arbitration Boards cannot settle the
controversy, the Department of Trade and Industry shall assume jurisdiction over said controversy;

a. Relation to fellow practitioner
b. Relation to the organization
c. Relation to costume

A

a. Relation to fellow practitioner

52
Q

Relation to fellow practitioner Relation to the organization Relation to costumer
case a complaint is filed against a practitioner with his organization or association for unethical or unfair practice, he should voluntarily submit pertinent facts.

a.Relation to fellow practitioner
b. Relation to the organization
c. Relation to costumer

A

a.Relation to fellow practitioner

53
Q

In association or organization and the National Association to which it is affiliated;

a. Relation to organization
b. Relation to fellow practitioner
c. Relation to the public

A

a. Relation to organization

54
Q

Election as officer or member of the governing body of the organization or association carries with it the moral obligation to serve honorably, unselfishly, diligently and efficiently.

a. Relation to organization
b. Relation to fellow practitioner
c. Relation to the public

A

a. Relation to organization

55
Q

He should support his organization morally and financially and actively support its plans, programs and projects for the benefit of all the
members of the organization or association;

a. Relation to organization
b. Relation to fellow practitioner
c. Relation to the public

A

a. Relation to organization

56
Q

Any practitioner should first exhaust all administrative remedies available under existing laws, rules and regulations.

a. Relation to organization
b. Relation to fellow practitioner
c. Relation to the public

A

a. Relation to organization

57
Q

Practitioner should indicate in his letterhead, dry seal, signboard, billboard, advertisement or other announcement.

a. License number
b. Voter ID number
c. CTC Number

A

a. License number

58
Q

He should not offer or agree to pay to, split or rebate any commission to .

a. Unlicensed practitioner
b. Unlicensed broker
c. Unlicensed salesman

A

a. Unlicensed practitioner

59
Q

Should secure all the necessary licenses, permits and authority.

a. The practitioner
b. The broker
c. The appraiser

A

a. The practitioner

60
Q

Evasion or illegal reduction in the payment of all taxes, fees, dues, levies or charges that may be imposed by the government.

a. Should not be encourage
b. Should be encourage
c. Is discourage

A

a. Should not be encourage

61
Q

The practitioner should be imbued with a social conscience for he does not live by himself and his family alone but he is a part of society with .

a. social responsibility
b. ethical responsibility
c. political responsibility

A

a. social responsibility

62
Q

Level of use of the land and the equitable distribution of ownership.

a. Highest and best used
b. Highest used
c. Best used

A

a. Highest and best used

63
Q

In order that he may be able to contribute to public thinking on matters of taxation, land use, city planning, zonification and other programs of the government.

a. He should keep himself well informed.
b. He should attained seminar
c. He should study

A

a. He should keep himself well informed.

64
Q

Protecting the public against deceptive, unfair and unconscionable acts the practitioner should.

a. Cooperate with government
b. Participate with government
c. Assist the government

A

a. Cooperate with government

65
Q

He should not be in introducing in a neighborhood a certain character or use of property which will tend to impair or erode property values within that neighborhood.

a. Instrumental
b. Part
c. Participative

A

a. Instrumental

66
Q

He should not be a party to the naming of a false consideration in a .

a. Deed of instrument
b. Official document
c. Government document

A

a. Deed of instrument

67
Q

All money receive for other person should be put in

a. Separate bank account
b. Buyer’s bank account
c. Seller’s bank account

A

a. Separate bank account

68
Q

In his advertisements, brochures or announcements, he should present a true picture of

a. Separate bank account
b. Buyer’s bank account
c. Seller’s bank account

A

a. Separate bank account

69
Q

He should see to it that all agreements, terms and conditions, financial obligations and commitments in a real estate transaction are in

a. Writing
b. Order
c. Compliance

A

a. Writing

70
Q

All agreements, terms and conditions, financial obligations and commitments in a real estate transaction are duly signed by all parties concerned and if necessary to be properly authenticated by .

a. the Notary public
b. the Broker
c. the Appraiser

A

a. the Notary public

71
Q

The practitioner, in accepting an appointment or authority to act for and in behalf of a client or customer, should pledge himself with utmost
fidelity and

a. Good faith
b. Faith
c. Faithfulness

A

a. Good faith

72
Q

Fee or any valuable consideration from any party in any transaction except from his client unless with the full knowledge and consent of all the parties in the transaction the broker shall

a. Not accept any commission
b. Shall accept commission
c. Anytime accept

A

a. Not accept any commission

73
Q

He should charge or collect only such fees or commissions as are fair and reasonable in accordance with usual

a. Schedule of commission
b. Fee
c. Commission

A

a. Schedule of commission

74
Q

An ethical practice describe that practitioner.

a. He should not advertise any property without authority and in any offering
b. He should not charge or collect only such fees or commissions as are fair and reasonable
c. He should accept any commission, fee or any valuable consideration from any party in any transaction

A

a. He should not advertise any property without authority and in any offering

75
Q

In the event that more than one formal offer on a specific property is made before the owner has accepted a proposal, all written offers should
be .

a. Presented to the owner for his decision
b. Presented to the owner for his reference
c. Not presented at all

A

a. Presented to the owner for his decision

76
Q

He should endeavor to make his client and customer conclude a .

a. Fair contract
b. Equitable contract
c. Fairest contract

A

a. Fair contract

77
Q

Practitioner should _ conditions agreed upon.
his customer acquire possession and ownership of the real property bought in accordance with the terms and

a. Assist
b. Help
c. Support

A
78
Q

In case he is called upon to act as witness in a court proceeding he should give his testimonies in the .

a. Most unbiased manner
b. Unbiased manner
c. Objective manner

A
79
Q

He should not render an opinion without careful and thorough analysis and interpretation of all factors affecting the value of the property.

a. The appraiser
b. The seller
c. The broker

A

a. The appraiser

80
Q

As a real estate appraiser, he should not render an opinion without careful and thorough .

a. analysis and interpretation of all factors
b. inspection of all factors
c. weighing of all factors

A

a. analysis and interpretation of all factors

81
Q

Should not undertake to make an appraisal or render an opinion that is outside the field of his experience and competence.

a. The appraiser
b. The broker
c. The buyer

A

a. The appraiser

82
Q

In case when an appraiser undertake to make an appraisal or render an opinion that is outside the field of his experience and competence he
should.

a. obtains the assistance of another practitioner familiar with such type of property
b. obtains assistance of another buyer familiar with such type of property
c. obtains assistance of another seller familiar with such type of property

A

a. obtains the assistance of another practitioner familiar with such type of property

83
Q

Signs giving notice of a property for sale, rent, lease or exchange should not be placed on any property by more than .

a. One broker
b. Two broker
c. Three broker

A

a. One broker

84
Q

He should not solicit or use the services of an employee or salesman of another practitioner

a. Without knowledge of the employer
b. Without informing the employer
c. Without permission of the employer

A

a. Without knowledge of the employer

85
Q

If his opinion is sought, it should be rendered with

a. professional integrity and courtesy
b. objectivity
c. without bias

A

a. professional integrity and courtesy

86
Q

The practitioners should seek no unfair advantage over his fellow practitioners and should willingly share with them the lessons of his .

a. experience and study
b. study
c. experience

A

a. experience and study

87
Q

In the event of a controversy between practitioners belonging to the same organization or association, such controversy should be submitted for arbitration to .

a. Organization
b. PRC
c. court

A

a. Organization

88
Q

If the controversy is between practitioners belonging to different organizations or associations, it should be submitted to .

a. Arbitration board
b. PRC
c. DTI

A

a. Arbitration board

89
Q

In case a complaint is filed against a practitioner with his organization or association for unethical or unfair practice, he should voluntarily submit all pertinent facts before an investigating body that may be formed by .

a. Organization
b. PRC
c. Court

A

a. Organization

90
Q

Any practitioner should first exhaust all administrative remedies available under existing laws, rules and regulations before taking any .

a. judicial or quasi-judicial action
b. judicial action
c. quasi judicial action

A

a. judicial or quasi-judicial action

91
Q

The Real Estate Service Practitioners shall adhere to the strict compliance to the .

a. National Code of Ethics and Responsibilities
b. Organization Code of Ethics
c. Laws

A

a. National Code of Ethics and Responsibilities

92
Q

To have adequate education, value formation, knowledge, competence and expertise in real estate service.

a. Required
b. Not required
c. It depends

A

a. Required

93
Q

The spirit of unity, harmony, camaraderie, cooperation and professional relationship among the practitioners is essential, and shall be promoted
under the principle of .

a. Solidarity
b. Unity
c. Harmony

A

a. Solidarity

94
Q

The Practitioner shall be imbued with a social responsibility and conscience being part of society with duties and responsibilities for the promotion of the .

a. Common good
b. Common welfare
c. Common benefit

A

a. Common good

95
Q

The Practitioner shall abide the articles of incorporation and by-laws of the .

a. AIPO
b. Organization
c. Corporation

A

a. AIPO

96
Q

The one who will assume jurisdiction in case the APO arbitration body cannot settle the controversy.

a. PRBRES
b. Court
c. Organization officer

A

a. PRBRES

97
Q

Authority in putting signages or notices on a property for sale, rent or lease should be in .

a. Writing
b. Need not written
c. Verbal or oral

A

a. Writing

98
Q

Only undertake consulting services or engagements in a conduct that is legal, ethical and .

a. Moral
b. Ethical
c. Fair

A

a. Moral

99
Q

Publication of announcement is permitted only.

a. New office
b. Old office
c. It depends

A

a. New office

100
Q

Violating any provision of the Code of Ethics and Responsibilities for First Offense.

a. Reprimand or Warning;
b. Suspension
c. Cancellation

A

a. Reprimand or Warning;

101
Q

Violating any provision of the Code of Ethics and Responsibilities for second offense.

a. Suspension of APO membership for Two (2) months
b. Suspension of APO membership for three(3) months
c. Cancellation

A

a. Suspension of APO membership for Two (2) months

102
Q

Violating any provision of the Code of Ethics and Responsibilities for third offense.

a. Suspension of APO membership for Four (4) months;
b. Suspension of APO membership for Five(5) months;
c. Cancellation

A

a. Suspension of APO membership for Four (4) months;

103
Q

Violating any provision of the Code of Ethics and Responsibilities for fourth time.

a. Recommended for Suspension of License at the Professional Regulatory Board of Real Estate Service (PRBRES) and at the PRC
b. Suspension of APO membership
c. Cancellation

A

a. Recommended for Suspension of License at the Professional Regulatory Board of Real Estate Service (PRBRES) and at the PRC

104
Q

Violating any provision of the Code of Ethics and Responsibilities for fifth time.

a. Recommendation for the Cancellation of License at the PRBRES and at the PRC.
b. Recommended for Suspension of License at the Professional Regulatory Board of Real Estate Service (PRBRES) and at the PRC.
c. Suspension of APO membership for Five(5) months;

A

a. Recommendation for the Cancellation of License at the PRBRES and at the PRC.

105
Q

Violating any provision of the Real Estate Service Act and its implementing rules and regulations for first offense.

a. Suspension of APO membership for Four (4) months;
b. Recommended for Suspension of License at the Professional Regulatory Board of Real Estate Service (PRBRES) and at the PRC
c. Cancellation

A

a. Suspension of APO membership for Four (4) months;

106
Q

Violating any provision of the Real Estate Service Act and its implementing rules and regulations for second time.
a. Recommended for Suspension of License at the Professional Regulatory Board of Real Estate Service (PRBRES) and at the PRC;
b. Suspension of APO membership for Four (4) months;
c. Cancellation

A

a. Recommended for Suspension of License at the Professional Regulatory Board of Real Estate Service (PRBRES) and at the PRC;

107
Q

Violating any provision of the Real Estate Service Act and its implementing rules and regulations for third time.

a. Recommendation for the Cancellation of License at the PRBRES and at the PRC.
b. Recommended for Suspension of License at the Professional Regulatory Board of Real Estate Service (PRBRES) and at the PRC
c. Suspension of APO membership

A

a. Recommendation for the Cancellation of License at the PRBRES and at the PRC.

108
Q

It is unethical for a professional nature of the work being reviewed.

a. Peer reviewer
b. Appraiser
c. Consultant

A

a. Peer reviewer

109
Q

It is unethical for a professional of the work being reviewed.

a. Peer reviewer
b. Appraiser
c. Consultant

A

a. Peer reviewer

THE REAL ESTATE BROKER’S EXAMINATION (44 decks)

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